first I want to apologize about my last call i told you that XRP will bounce at 0.76 level, but it slipped a little bit more to 0.75, then it bounce in the chart as expected to do to the 0.82 level, tht is acting now as a major resistance, but I still expeting the 0.88 level. Right now at the very short term XRP is likely to make a retracement to the 0.80 and then...
XRP is still looking for a new bottom, we couldn´t reach the 0.88 resistance. The last bounce was a normal healthy market green candle but now we are bearish according to the market indicators, in the 1 hour chart we can see XRP is completing a small bearish pennant, in case of breaking down the 0.80 momentary support XRP will fall to the 0.766 support that I´m...
In the 6hr chart we can see a huge red candle spiking down, normally calling for a reversal pattern, but also we can point that the panic selling has being replaced for a "mooning hope" the FOMO is real by now, hopefully this second sink will be the last and a reversal reen charts will be happening in the next week.
SHORT TERM: 0.73 - 0.79
LONG: 0.79 - 0.88
